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Posted: 02 April 2014 16:06:35(UTC)
#11

Joined: 18/05/2012(UTC)
Posts: 4
Thanks to David and Keith for the suggestions, I have used some in my
stocks and shares isa. In the tax year to 5 April 2014 I now only have
my wife's shares allowance to invest.

She is anti investing in the stockmarket so I am at a loss what to do
with this money.

Any ideas? thanks bb
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David Chapman
Posted: 02 April 2014 17:09:10(UTC)
#12

Joined: 08/04/2008(UTC)
Posts: 39
Hi
The yields from cash ISAs and savings accounts are so abysmal at present that finding a risk free alternative is extremely difficult - I would still recommend Invesco Perpetual Distribution fund as relatively low risk investment - Another fund which I have invested in, which has low volatility, is Investec Monthly Income [ yield approx 6% ] which you may wish to have look at. Hope this helps.
Then again you could consider Premium Bonds [seriously] !!
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Keith Hilton
Posted: 02 April 2014 17:28:34(UTC)
#13

Joined: 20/08/2010(UTC)
Posts: 761
You could park your wife's money in something safe, if low yield, until next year. There should then be the possibility of investing in the new proposed pensioner bonds. Still not great rates, but you may be able to beat inflation (just).
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TJL
Posted: 02 April 2014 18:35:24(UTC)
#14

Joined: 14/03/2011(UTC)
Posts: 1,630
What about the new TSB account?
Safe.
5% on balances up to £2000
Two accounts allowed per person - so four accounts per couple (£8000).
£500 must be deposited each month into each account, but once deposited into one, can be moved/deposited into the other three in turn (I believe).
No interest above £2000 so some on-going account management required.
I don't know how user friendly the mechanics of the process are, but I'm going to look into it.
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